Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Roper Technologies (ROP) Share Price
Press coverage about Roper Technologies (NYSE:ROP) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Roper Technologies earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.1131791451624 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Roper Technologies (NYSE:ROP) traded down $6.61 during midday trading on Friday, hitting $260.60. 496,342 shares of the company traded hands, compared to its average volume of 426,656. Roper Technologies has a one year low of $181.16 and a one year high of $267.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94. The stock has a market capitalization of $27,350.00, a PE ratio of 30.93, a P/E/G ratio of 2.31 and a beta of 1.05.
Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.06. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company earned $1.65 earnings per share. Roper Technologies’s quarterly revenue was up 23.7% on a year-over-year basis. equities analysts anticipate that Roper Technologies will post 9.31 EPS for the current year.
Several equities analysts have recently commented on ROP shares. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 price objective for the company in a research note on Monday, October 2nd. Robert W. Baird upped their price objective on shares of Roper Technologies from $238.00 to $257.00 and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Oppenheimer reaffirmed a “buy” rating on shares of Roper Technologies in a research note on Monday, October 30th. J P Morgan Chase & Co raised shares of Roper Technologies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $223.00 to $275.00 in a research note on Wednesday, September 20th. Finally, Royal Bank Of Canada upped their price objective on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Roper Technologies has a consensus rating of “Buy” and a consensus target price of $253.67.
In other Roper Technologies news, VP Jason Conley sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $245.00, for a total value of $1,225,000.00. Following the sale, the vice president now owns 14,571 shares in the company, valued at $3,569,895. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher Wright sold 500 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $237.04, for a total transaction of $118,520.00. Following the completion of the sale, the director now owns 64,604 shares in the company, valued at approximately $15,313,732.16. The disclosure for this sale can be found here. Insiders have sold 10,750 shares of company stock worth $2,681,690 in the last quarter. 2.50% of the stock is owned by corporate insiders.
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Roper Technologies Company Profile
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